Latest Developments in North America Heat Shrinkable Film For Sleeve Labels Market

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Latest Developments in North America Heat Shrinkable Film For Sleeve Labels Market

  • FMCG
  • Nov 2024
  • North America
  • 350 Pages
  • No of Tables: 136
  • No of Figures: 30

  • In November 2024, Amcor plc announced a strategic partnership with South Korea's Kolon Industries to co-develop and commercialize sustainable polyester materials for flexible packaging. The collaboration focuses on chemically recycled PET (crPET) and polyethylene furanoate (PEF), supporting Amcor's goals of incorporating 30% post-consumer recycled materials by 2030 and achieving net-zero emissions by 2050. This partnership aims to advance circular economy initiatives and reduce carbon footprints in global packaging solutions
  • In August 2024, ProAmpac received two Silver Awards at the 2024 Excellence in Flexography Awards hosted by the Flexographic Technical Association (FTA). The company was recognized for its TAZO Wild Sweet Orange Tea Packet design, noted for its "excellent tonality," and the Econosource Paper Wrap design, praised for its "precise color registration and sharp text." This achievement highlights ProAmpac's dedication to advancing flexographic printing and delivering exceptional quality
  • In February 2023, Taghleef Industries introduced innovative shrink sleeve label films for the dairy sector, providing a striking new look on shelves. These recyclable SHAPE360 films enhance branding with full-container designs while supporting sustainability through compatibility with modern recycling systems, reinforcing Taghleef’s commitment to circular economy solutions
  • In March 2022, Cosmo Films Limited, a global leader in packaging, labeling, lamination, and synthetic paper, announced the establishment of a CPP film production line at Aurangabad with a 25,000 MT annual capacity. The Rs 140 crore project will be funded via internal accruals and debt, targeting production within two years
  • In October 2018, Bonset America Corporation announced plans to increase its PETG film production capacity by 30%, starting in early 2020, to meet the growing demand in the global heat shrinkable film market. CEO Mitsuhiro Iwata emphasized the company's commitment to providing high-quality films and increased productivity, further strengthening its position in the heat shrinkable film industry. Bonset America, part of C.I. Takiron, manufactures films for full-body labeling, bundle packaging, and tamper-evident applications